Research Frontiers Inc
REFR- Exchange
- Nasdaq
- Industry
- Patent Owners & Lessors
- SEC CIK
- 0000793524
No open-market purchases or sales by Research Frontiers Inc insiders were filed in the last 90 days; 34 institutions reported holding it in 13F filings for Q2 2026, worth $1.91M in total; no superinvestor holds it.
13F holders, Q1 2025
Institutional positions in Research Frontiers Inc as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 33
- +4 vs. Q4 2024
- Shares held
- 4.52M
- +1.34M (+42.1%) vs. Q4 2024
- Total value
- $5.11M
- −$330.8K (−6.1%) vs. Q4 2024
- New holders
- 6
- 6 more added
- Sold out
- 2
- 8 more reduced
1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting REFR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 34 | $1.91M |
| Q1 2026 | 35 | $3.48M |
| Q4 2025 | 35 | $5.21M |
| Q3 2025 | 30 | $6.63M |
| Q2 2025 | 30 | $7.09M |
| Q1 2025 | 33 | $5.11M |
| Q4 2024 | 30 | $7.06M |
| Q3 2024 | 30 | $6.99M |
| Q2 2024 | 31 | $7.84M |
| Q1 2024 | 34 | $5.45M |
| Q4 2023 | 35 | $3.27M |
| Q3 2023 | 38 | $3.67M |
| Q2 2023 | 39 | $5.44M |
| Q1 2023 | 31 | $6.42M |
| Q4 2022 | 32 | $5.43M |
| Q3 2022 | 26 | $5.94M |
| Q2 2022 | 25 | $4.81M |
| Q1 2022 | 31 | $5.65M |
| Q4 2021 | 32 | $5.21M |
| Q3 2021 | 32 | $8.21M |
| Q2 2021 | 42 | $7.99M |
| Q1 2021 | 54 | $16.2M |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Research Frontiers Inc; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Royal Bank of Canada | 92 | $0 | 0.00% | −31−25.2% | Reduced |
| SBI Securities Co., Ltd. | 19 | $21 | 0.00% | 00.0% | Unchanged |
| Fairman Group, LLC | 125 | $214 | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 243 | $275 | 0.00% | −3,989−94.3% | Reduced |
| BNP Paribas Arbitrage, SA | 801 | $905 | 0.00% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 1,104 | $1.25K | 0.00% | −5−0.5% | Reduced |
| GWM Advisors LLC | 1,972 | $2.23K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 3,568 | $4.03K | 0.00% | +173+5.1% | Added |
| Morgan Stanley | 3,935 | $4.45K | 0.00% | 00.0% | Unchanged |
| UBS Group AG | 5,000 | $5.65K | 0.00% | +4,194+520.3% | Added |
| HB Wealth Management, LLC | 10,000 | $11.3K | 0.00% | 00.0% | Unchanged |
| Two Sigma Securities, LLC | 11,093 | $12.5K | 0.00% | +11,093 | New |
| Virtu Financial LLC | 13,129 | $15.0K | 0.00% | +13,129 | New |
| Foundations Investment Advisors, LLC | 13,800 | $15.6K | 0.00% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 14,000 | $15.8K | 0.00% | −1,050−7.0% | Reduced |
| Raymond James Financial Inc | 16,435 | $18.6K | 0.00% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 19,206 | $21.7K | 0.00% | −1,194−5.9% | Reduced |
| FreeGulliver LLC | 20,000 | $22.6K | 0.01% | 00.0% | Unchanged |
| Citadel Advisors LLC | 20,246 | $22.9K | 0.00% | +20,246 | New |
| Charles Schwab Investment Management Inc | 21,870 | $24.7K | 0.00% | 00.0% | Unchanged |
| Northern Trust Corp | 51,894 | $58.6K | 0.00% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 100,500 | $113.6K | 0.00% | +2,431+2.5% | Added |
| State Street Corp | 105,623 | $119.4K | 0.00% | 00.0% | Unchanged |
| Shufro Rose & Co LLC | 116,800 | $132.0K | 0.01% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 120,620 | $136.3K | 0.00% | +35,331+41.4% | Added |
| Captrust Financial Advisors | 149,000 | $168.4K | 0.00% | +149,000 | New |
| Destination Wealth Management | 164,703 | $186.1K | 0.01% | +164,703 | New |
| Kingsview Wealth Management, LLC | 177,961 | $201.1K | 0.00% | −3,855−2.1% | Reduced |
| Geode Capital Management, LLC | 302,421 | $341.8K | 0.00% | +5,922+2.0% | Added |
| Vanguard Group Inc | 521,463 | $589.3K | 0.00% | +32,743+6.7% | Added |
| BlackRock, Inc. | 608,483 | $687.6K | 0.00% | −1,440−0.2% | Reduced |
| Colony Group, LLC | 950,532 | $1.07M | 0.00% | −48,140−4.8% | Reduced |
| We Are One Seven, LLC | 973,188 | $1.10M | 0.04% | +973,188 | New |
| Cambridge Investment Research Advisors, Inc. | 0 | $0 | 0.00% | −12,000−100.0% | Sold out |
| FMR LLC | 0 | $0 | 0.00% | −727−100.0% | Sold out |
| WR Wealth Planners, LLC | – | – | – | – | Not filed |